Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Articles about Cryptocurrency => Topic started by: Goodcat49 on March 03, 2018, 04:59:54 PM
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We all love having a little extra, whether it’s a free desert with your meal in a restaurant, a bonus payment at work or a simple “thank you” for a deed you were prepared to do without recognition or appreciation. This underpins the success of cashback reward programs.
Then you have cryptocurrency, the rising digital payment system that rocketed in value tremendously throughout 2017, increasing the wealth of early investors and now everyone is trying to get involved and profit from this new technology.
Bill Gates: “The future of money is digital currency.”
Doing the tango with the intangible
So how do you get hold of something you can’t physically touch? Many have struggled with various online exchanges, some of dubious nature, whilst still others began “mining” digital assets on their home computer. One thing is for sure, as far as the common man on the street is concerned, it seems way too much hassle to capitalise on the crypto craze.
Getting more than you bargained for
But what if you were able to receive cryptocurrency as cashback for purchases at your favourite stores? A loyalty program that provides you with an asset that can be exchanged for cash, transferred to anyone you choose, or spent as you see fit. This is the vision of BitRewards.
With over five years of experience in providing loyalty solutions for e-commerce, GIFTD has decided that it too wants a place in the new era of decentralised payment systems, and it is doing so by pushing its idea of an exchangeable asset that they believe will rise in value. The company’s CEO, Alex Egorov, believes the use of distributed ledger technology (blockchain), coupled with machine learning and the rising popularity of cryptocurrencies will take loyalty programs to the next level.
As such, they are issuing their own cryptocurrency: the BIT token. BitRewards has successfully been conducting its pre-ICO and is close to reaching its soft CAP of $3 million. The main ICO starting from April 1, 2018.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/cashback-in-cryptocurrency/